Florida Politics February 28, 2018 Michael Moline A budget subcommittee voted Wednesday to kill the Senate’s no-fault insurance repeal bill. But the condition is not necessarily terminal. The panel’s chairwoman voted no even though she favored the measure and then moved to pass it temporarily. That would allow her to call for additional hearings on…
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FOR IMMEDIATE RELEASE CONTACT: Edie Ousley 850-521-1231 or 850-251-6261 eousley@flchamber.com Florida Chamber of Commerce Launches New Ads Urging Senators to Put the Brakes on Higher Auto Insurance Rates TALLAHASSEE, FL (February 26, 2018) – The Florida Chamber of Commerce today launched new multi-media ads urging senators to put the brakes on higher auto insurance rates.…
Orlando Sentinel Michael Carlson, Guest Columnist February 6, 2018 Florida’s Motor Vehicle No-Fault Law, commonly known as PIP, after the personal injury protection insurance required by the law, is under attack in the Florida Legislature. Trial lawyers – those who benefit from lawsuits and attorney fees – are making a push for repeal of this…
Florida Politics Michael Moline, February 6, 2018 The Senate Judiciary Committee on Tuesday stripped assignment of benefits legislation of an attorney-fee provision despised by the insurance industry. But that didn’t satisfy industry objections to the overall bill. And that really annoyed a couple of key senators. An amendment to CS/SB 1168 by Judiciary Committee chairman…
Florida Politics Michael Moline, February 6, 2018 A Property Casualty Insurers Association of America study made a splash last week in Tallahassee by suggesting repeal of Florida’s no-fault auto insurance system would produce significant increases in motorists’ premiums. The findings contrast those of a similar study last year by Pinnacle Actuarial Resources, which estimated repeal…
Orlando Sentinel R.J. Lehmann, Guest Columnist February 5, 2018 With just a month left in Florida’s 2018 legislative session, we are no closer than we were at the end of each of the past five sessions when it comes to resolving the assignment-of-benefits (AOB) crisis that has been roiling the state’s property insurance market. AOBs…
?Insurance Journal Amy O’Connor, February 5, 2018 The epidemic of assignment of benefits (AOB) abuse that has been plaguing Florida for several years is only getting worse, says a new report from the Florida Office of Insurance Regulation (OIR). The most recent data call of water or roof damage homeowners claims closed between Jan. 1,…
News4Jax Jake Stofan, Tallahassee Correspondent Updated January 24, 2018 TALLAHASSEE, Fla. – Insurers from across the state were at the state Capitol on Wednesday advocating against a practice that allows contractors to sue the company without the policyholder’s knowledge. They blame what is called assignment of benefits for increased fraud and higher insurance rates in…
Florida Record by Michael Carroll | Jan. 24, 2018, 6:52am TALLAHASSEE – A Florida Senate panel gave a thumbs-up Tuesday to a bill that would prevent property insurers from including attorney fees and other legal costs in their rate base, despite opposition from insurance firms and other business interests. Insurers and business leaders complained before…